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UAE introduces ban on banks selling insurance

The Emirates’ authorities are looking to improve industry transparency

Immediate ban put in place while UAE Central Bank devises new guidelines for bancassurance distribution

Move comes after authority receives growing number of complaints regarding mis-selling of insurance policies

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Including… The prospect of yet more twists and turns for international financial planners as the UK elects a new government, a South Africa family office’s plans for robo-advice, growth prospects in the US for Bupa, and why Templeton’s veteran fund manager guru Mark Mobius keeps on going
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